On a decline: A worker harvesting oil palm fruits at a plantation. The recent plunge in CPO prices was caused by demand concerns due to the worsening novel coronavirus outbreak
CRUDE palm oil (CPO) prices have entered the bear market once again, with this round being the worst since the 2008 global financial crisis.
In less than two months, CPO prices have crashed by about 28%, triggering concerns on further price declines and the potential impact on the earnings of the plantation players, especially the smallholders.
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